Shares of Amazon.com Inc. (NASDAQ:AMZN) have received a consensus rating of “Buy” from the fifty brokerages that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, forty-three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $929.88.
A number of brokerages recently issued reports on AMZN. Argus upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $935.00 price objective for the company in a research note on Thursday, September 22nd. BMO Capital Markets reiterated a “buy” rating and set a $900.00 price objective (up from $875.00) on shares of Amazon.com in a research note on Thursday, September 22nd. Mizuho boosted their price objective on Amazon.com from $855.00 to $950.00 and gave the company a “buy” rating in a research note on Friday, September 23rd. Cowen and Company reiterated an “outperform” rating and set a $960.00 price objective (up from $900.00) on shares of Amazon.com in a research note on Monday, September 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $925.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Tuesday, September 27th.
Shares of Amazon.com (NASDAQ:AMZN) opened at 807.48 on Thursday. The company has a 50-day moving average of $772.96 and a 200-day moving average of $776.38. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21. The stock has a market capitalization of $383.69 billion, a P/E ratio of 184.99 and a beta of 1.42.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The firm had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, analysts anticipate that Amazon.com will post $4.77 EPS for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,890 shares of Amazon.com stock in a transaction on Friday, December 9th. The stock was sold at an average price of $767.15, for a total value of $3,751,363.50. Following the sale, the chief executive officer now owns 58,139 shares in the company, valued at $44,601,333.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.70% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Bartlett & Co. LLC increased its stake in Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 8 shares in the last quarter. Pathstone Family Office LLC boosted its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kings Point Capital Management purchased a new stake in shares of Amazon.com during the second quarter worth $109,000. D. Scott Neal Inc. boosted its stake in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock worth $130,000 after buying an additional 150 shares during the last quarter. Finally, Krilogy Financial LLC boosted its stake in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Institutional investors own 64.48% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).